World Economy

BOJ Under Pressure

BOJ Under PressureBOJ Under Pressure

Japanese inflation slowed again in December, official data showed, as weak consumer spending and falling energy prices challenge Tokyo’s war on deflation, increasing pressure on the Bank of Japan (BOJ) to unleash more stimulus, NewsNow reported. But an uptick in factory output suggests that the world’s No 3 economy may be crawling out of recession, analysts said, as the unemployment rate hit a 17-year low.